Theories and approaches of project management

1. Defining the concepts, theories and approaches of project management. (L.O-1.1)2. Recognize the steps of planning process in the project management. (L.O-1.2)3. Analyze to work effectively and efficiently as a team member for project related cases. (L.O-3.1)

 

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Theories and approaches of project management

Organizations design and execute projects that can be classified as internally and externally funded projects based on the nature of their business. A project is a temporary endeavor to create a unique product, service, or result. A project is time-bound, that is, it has definite beginning and definite ending. Project management is the art and science of using experience, knowledge, skills, tools, and techniques efficiently and effectively to meet stakeholder expectations. Managing project is fast becoming a standard way of executing business strategies. Project management seems to be based on three theories of management: management as planning, the dispatching model, and the thermostat model.

Coronavirus has presented eccentric difficulties, dangers to vocations and has constrained associations to reconsider their work and the job of workplaces as protected and useful spaces for the representatives.

Each industry and association is adjusting to life and work during a pandemic and many organizations have effectively shielded representatives by zeroing in on adaptability and nimbleness to adjust to a better approach for working.

The physical world as far as we might be concerned has had a reset with two years of computerized change in two months as expressed by Microsoft CEO Satya Nadella. The new typical will be that of a crossover work environment, which will join work-from-office and work-from-home both, rather than one limit. Until an antibody is generally accessible, the workplace climate will be altogether different when contrasted with what it was before the pandemic, social separating will be the standard and office spaces should be overhauled and changed to guarantee legitimate physical removing and representatives will be expected to wear covers. Associations have quickly taken on computerized devices, and innovation has become widespread across business sectors and enterprises. Concerning long drive hours and going in weighty rush hour gridlock, laborers will attempt to have gatherings online at whatever point conceivable to diminish drive bothers and will utilize the time saved all the more gainfully. Administration based businesses that don’t need individual collaboration with products or individuals will step by step incline towards a work-from-home serious work model, this will likewise prompt reevaluating of work to different urban communities and more modest towns as there will be less locational imperatives. A reasonable qualification should be made between the work that should be possible from a distance and the work that should be done in-office. Existing practices and cycles should be reclassified and recreated to guarantee the best of both, telecommute and work-from-office to guarantee efficiency and security.

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